Selection Process All condo or HOA boards face the task of hiring a service provider or construction contractor periodically. The final success of this effort often depends on establishing the initial selection process and following it to its conclusion. Most service contracts are routine and do not require significant planning or project management oversight. This….
News
Water Intrusion Testing: Building Envelope Integrity
When weather penetrates a building, it can be a costly issue that compromises the functionality and habitability of the building and may eventually lead to structural issues. While there is no single tactic that will prevent water from entering a building, incorporating Third Party Quality Assurance during construction or renovation is essential for reducing….
Cost Segregation Studies and Bonus Depreciation
For real estate investors and property owners, actively managing tax liability is essential in maximizing ROI. Strategically pairing a Cost Segregation Study provided by Criterium Engineers with current Bonus Depreciation options allows property owners to accelerate tax deductions, improving cash flow and boosting profitability. What is a Cost Segregation Study? Cost Segregation is a tax….
Safety – A New Reserve Fund Focus
Reserve Study Guidelines Are you aware of the significant changes in the Community Association Institute (CAI)’s recommendations for best practices in future reserve fund studies? If you are not, you are not alone. In July 2023, the Foundation for Community Association Research published its Best Practices – Community Association Maintenance manual. Let me explain why….
When the FUD hits the fan… run at the fan
Fear, Uncertainty, and Doubt Condo association unit owners’ meetings can be a challenge. Boards often need to make hard decisions. People can become very emotional when it comes to issues affecting their money and they feel a lack of control. From what I hear the New England meetings I attend are mild compared to the….
How Drowning Detection Systems Can Save Lives
Conventional pool safety measures, including covers, perimeter fences, and subsurface alarms, can prevent unauthorized access when a pool is closed. However, these measures do not protect against drowning when a pool is in use. Lifeguards, swimming lessons, and parental supervision have traditionally served as the primary safety measures during swim time, but tragically, even these….
Criterium Engineers Visits the Advanced Structures & Composites Center at The University of Maine
A group of team members from Criterium Engineers recently toured the Advanced Structures & Composites Center (ASCC), at The University of Maine, gaining insights into the future of structural and materials engineering. The ASCC is a leading research and educational center focused on advanced manufacturing, materials sciences, composites, and structural engineering. It is the largest….
Top 10 Condo Do Overs to Avoid
Over the last twenty years I have had the privilege of meeting with many condominium and HOA boards and leaders. Some were seasoned and experienced while others were new and exposed to the culture of community living for the first time. All wanted to do their best, yet failings and mistakes were acknowledged. With the….
Security in Maine – Secure Communities
Maintenance Plans and Reserve Funding Many think of Maine as a safe haven. During the height of the Covid pandemic, Maine saw a rapid growth in population due to folks fleeing the densely settled urban areas to the south. This in turn resulted in Maine’s average home sales prices climbing due to a lack of….
Be Prepared – Emergency Response Best Practices
Emergency Response Plan You don’t have to be a weatherman to notice storms are more frequent and fierce. Nor do you have to be a news broadcaster to recall all of the reported residential damage from fire, floods, and wind. Nor do you have to be an accountant to recognize the cost of building repairs….